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REGISTERED NUMBER: SC063090 (Scotland)















Unaudited Financial Statements for the Year Ended 30th June 2023

for

Waugh Taverns Limited

Waugh Taverns Limited (Registered number: SC063090)

Contents of the Financial Statements
for the Year Ended 30th June 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Waugh Taverns Limited

Company Information
for the Year Ended 30th June 2023







DIRECTORS: Mrs S Bringhurst
Mr D S Orr



REGISTERED OFFICE: 27c Dryden Road
Edinburgh
EH20 9LZ



REGISTERED NUMBER: SC063090 (Scotland)



ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE



BANKERS: Bank of Scotland plc
Edinburgh Head Office
PO BOX
Edinburgh
EH11 1YH

Waugh Taverns Limited

Report of the Accountants to the Directors of
Waugh Taverns Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2023 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


9th November 2023

Waugh Taverns Limited (Registered number: SC063090)

Balance Sheet
30th June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,851 2,134

CURRENT ASSETS
Stocks 16,285 18,027
Debtors 5 224,874 202,754
Cash at bank and in hand 22,870 28,208
264,029 248,989
CREDITORS
Amounts falling due within one year 6 231,340 223,308
NET CURRENT ASSETS 32,689 25,681
TOTAL ASSETS LESS CURRENT LIABILITIES 36,540 27,815

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 31,540 22,815
SHAREHOLDERS' FUNDS 36,540 27,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th November 2023 and were signed on its behalf by:





Mr D S Orr - Director


Waugh Taverns Limited (Registered number: SC063090)

Notes to the Financial Statements
for the Year Ended 30th June 2023


1. STATUTORY INFORMATION

Waugh Taverns Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
The turnover comprises revenue recognised by the company in respect of food and beverage sales and the provision of other services within the hospitality industry, exclusive of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 7 ) .

Waugh Taverns Limited (Registered number: SC063090)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1st July 2022 60,700
Additions 2,550
At 30th June 2023 63,250
Depreciation
At 1st July 2022 58,566
Charge for year 833
At 30th June 2023 59,399
Net book value
At 30th June 2023 3,851
At 30th June 2022 2,134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 220,698 198,250
Other debtors 1,587 1,984
Prepayments 2,589 2,520
224,874 202,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,064 14,042
Amounts owed to group undertakings 177,935 162,935
Tax 1,509 12,615
Social security and other taxes 6,674 7,304
VAT 14,139 11,021
Other creditors 120 145
Other payroll liabilities 1,281 281
Directors' current accounts 9,605 9,605
Accruals and deferred income 9,013 5,360
231,340 223,308

7. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Waugh Taverns Limited is Susan Bringhurst by virtue of her shareholding in Waugh
Taverns Group Limited.